András Margitay-Becht

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The issue of modelling international financial aid to underdeveloped countries baffled economists for decades. The initial assumptions (that outside aid could help bolster up the internally insufficient investment, thus helping economic growth) were statistically proven wrong; most of the recipient countries did not experience rapid growth, rather an(More)
For centuries, many scientists, many disciplines focused on how people make decisions. These approaches tend to be incompatible, if not orthogonal most case. In this article we attempt to give guidelines to a modeling approach, that will allow the description of a human “state vector”, which can be the basis for many decision making algorithms. First we(More)
The research into the effectiveness of financial aid is gaining momentum lately. Some say it is ineffective, some say it could be effective, but all seem to agree that some of its aspects are currently unmapped. This article aims at showing a rather simplistic agent-based model that might hint at a possible useful approach of the issue. It will be shown,(More)
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